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North Broward Hospital District
The North Broward Hospital District, doing business as Broward Health, was established in 1950 by a special act of the Florida Legislature. It operates as a...
North Broward Hospital District
The North Broward Hospital District, doing business as Broward Health, was established in 1950 by a special act of the Florida Legislature. It operates as a public health system serving the northern two-thirds of Broward County. The District is governed by a seven-member Board of Commissioners appointed by the Governor of Florida, currently chaired by Paul C. Tanner, owner of Las Olas Capital Advisors. The system generates revenue through its network of hospitals and outpatient facilities rather than through a family fortune or endowment. The District's investment activity flows primarily through the North Broward Hospital District Employees' Pension Fund. The fund's stated strategy centers on buyout-oriented allocations, deploying capital into private equity. The broader District holds a significant commercial real estate portfolio, including flagship assets such as Broward Health Medical Center, Broward Health North in Pompano Beach, Broward Health Imperial Point, and Broward Health Coral Springs. Geographic focus remains concentrated in South Florida, anchored by the Fort Lauderdale metropolitan area. The District employs thousands and maintains a complex corporate structure that includes a health foundation and joint venture relationships. A key partnership is the South Florida Community Care Network, a joint venture with the South Broward Hospital District that operates as Community Care Plan, a managed-care organization. The Broward Health Foundation serves as the system's primary philanthropic arm. Executive leadership is centralized under President and CEO Shane Strum, with the Board of Commissioners providing governance oversight. Jonathan Hage, CEO of Charter Schools USA, serves on the Board alongside Stacy Angier as Vice Chair. The North Broward Hospital District's structural differentiator is its dual identity as both a public health delivery system and a governmental pension sponsor. Unlike a single-family office or corporate pension, the District's investment posture is bound by Florida's public-records and sunshine laws, creating a rare level of transparency for an institutional allocator. The governance structure — with gubernatorial appointments to the Board — introduces a political accountability layer absent from private-sector peers.
General information
Firm type
Pension Fund
Year founded
1938
Location
Region
North America
Country
United States
City
Fort Lauderdale
Corporate office
1800 NW 49th Street, Fort Lauderdale, FL 33309, United States
Principals
Shane Strum
President and CEO of Broward Health
Paul C. Tanner
Chair of the Board of Commissioners
Stacy Angier
Vice Chair of the Board of Commissioners
Jonathan Hage
Secretary/Treasurer of the Board
Sector focus
Frequently asked questions
Who governs the North Broward Hospital District?
The District is governed by a seven-member Board of Commissioners appointed by the Governor of Florida. Current leadership includes Chair Paul C. Tanner, owner of Las Olas Capital Advisors, Vice Chair Stacy Angier, and Secretary/Treasurer Jonathan Hage, who is CEO of Charter Schools USA. The Board oversees both the healthcare operations and the fiduciary responsibilities tied to the pension fund.
How does the District's pension fund invest its capital?
The North Broward Hospital District Employees' Pension Fund has a stated strategy focused on buyout-oriented investments, per public records. The fund deploys capital primarily into private equity strategies. Detailed asset-allocation breakdowns and external manager relationships are not publicly aggregated beyond the strategic orientation toward buyouts.
Is the North Broward Hospital District a single family office?
No. The District is a public governmental entity and a special-taxing district created by the Florida Legislature in 1950. It operates a large safety-net hospital system and the associated employee pension fund. It has no affiliation with any single family's wealth, though the governance structure includes political appointees rather than independent trustees.
What is the District's relationship with South Broward Hospital District?
The North and South Broward Hospital Districts are separate public entities covering distinct geographic portions of Broward County. They are joint venture partners in the South Florida Community Care Network, which does business as Community Care Plan. This partnership represents a managed-care collaboration between the two governmental health systems.
What real estate does the District own?
The District's holdings include Broward Health Medical Center on South Andrews Avenue, Broward Health North in Pompano Beach, Broward Health Imperial Point, Broward Health Coral Springs, and a sports medicine building. The District's headquarters is located at 1800 NW 49th Street in Fort Lauderdale. The portfolio is concentrated in Broward County, Florida.
Does the District maintain any philanthropic structures?
Yes. The Broward Health Foundation functions as the system's primary philanthropic entity, raising funds to support the District's hospitals and programs. It is a separate 501(c)(3) organization aligned with the public health system's charitable mission.
How transparent is the District's investment activity?
As a public governmental body subject to Florida's Sunshine Law, the North Broward Hospital District's Board meetings and many records are publicly accessible. This creates a layer of transparency uncommon among institutional allocators, though detailed pension fund performance and manager disclosures would typically appear through public records processes rather than centralized financial reports.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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